Sab, do you think the rally will continue to climb into the December 1st presentation? Is that a time frame to examine now? We got a good rally in the last few weeks especially this week. I had to trim a few shares today at 14.50 .I get too cautious in these surging rallies that have always gotten slammed back down. Now, we have the long awaited breakout above the 13.40 resistance . now, we also have a double from the 7.25 bottom . The larger chart picture has resistance at 16 area. 18 seems a big target to me.
Not sue what you are seeing on the RSI. The 30 min chart shows an rsi of 67.7 , the 1 minute has us at 50.92 and the 1 year we are just 70. Far from over bought. We have a long way to go before we are over bought. Maybe at $20 we could be overbought but then we get news and this goes out the window. Hopefully a high class problem at $50 in a few weeks.
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